MIRA INFORM REPORT

Report Date :

18.07.2011

IDENTIFICATION DETAILS

Name :	ANUCHEM PTE. LTD.
Registered Office :	10 Jalan Besar #10-12 Sim Lim Tower Singapore 208787
Country :	Singapore
Financials (as on) :	31.12.2009
Date of Incorporation :	12.10.2007
Com. Reg. No.:	200719049w
Legal Form :	Limited Private Company
Line of Business :	General Wholesale Trade

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Poor
Payment Behaviour :	Unknown
Litigation :	Unknown

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Singapore	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

Executive Summary

Company Name	:	ANUCHEM PTE. LTD.
Registration No	:	200719049W
Date of Registration	:	12/10/2007
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	10 JALAN BESAR #10-12 SIM LIM TOWER SINGAPORE 208787
Date of Change of Address	:	12/10/2007
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)
Issued Ordinary Capital*	:	$25,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 25,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$25,000.00 SINGAPORE, DOLLARS
Paid-Up Preference Capital	:	NA
* Number of Shares includes number of Issued Treasury Shares
Issued Treasury Capital	:	NA
Paid-Up Treasury Capital	:	NA
No. of Local Subsidiaries	:	NA
No. of Local Associates	:	NA
Auditor	:	MGI N RAJAN ASSOCIATES
Bankers / Financiers	:	NA
Turnover	:	SINGAPORE, DOLLARS 0.00 (FY2009)
Net Worth	:	SINGAPORE, DOLLARS 2,559.00 (FY2009)
No. of Bank Charges	:	NA
No. of Litigation Suits	:	NA
S1000 / SME 500 / FG50 Ranking	:	No records found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	NA

Credit Recommendation

Recommended Credit Line

:

No Recommendation

SHAREHOLDER DETAILS

NAME	:	SADHANA NITRO CHEM LIMITED
SHAREHOLDER ID	:	T07UF3370H
NATIONALITY	:	INDIA
ADDRESS	:	207 KAKAD CHAMBERS, SECOND FLOOR 132 DR ANNIIE BESANT ROAD, WORLI, MUMBAI 400018, INDIA
NO. OF ORD SHARES	:	25,000
% OF SHAREHOLDING	:	100%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	JANI NITIN RAMESHCHANDRA
ADDRESS	:	PLOT NO 177, ROOM NO 16, JAWAHAR NAGAR, ROAD NO 2 GOREGAON WEST, MUMBAI 62
POSITION	:	DIRECTOR
DATE OF APPT	:	12/10/2007
NATIONALITY	:	INDIAN
I/C PASSPORT	:	E9045496
NAME	:	JAVERI ASIT DHANKUMAR
ADDRESS	:	RATNAGAR PALACE, 37 CHOWPATTY SEAFACE LAMINGTON ROAD, MUMBAI O7 MS
POSITION	:	DIRECTOR
DATE OF APPT	:	12/10/2007
NATIONALITY	:	INDIAN
I/C PASSPORT	:	F3991753
NAME	:	TIAH LAN TIM, LYNNE
ADDRESS	:	184 STIRLING ROAD #04-248 SINGAPORE 140184
POSITION	:	DIRECTOR
DATE OF APPT	:	12/10/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1478404G
NAME	:	BEULAH SHANTHINI
ADDRESS	:	190 HOLLAND ROAD TOHO MANSION SINGAPORE 278585
POSITION	:	SECRETARY
DATE OF APPT	:	30/01/2008
NATIONALITY	:	SINGAPORE P.R.
I/C PASSPORT	:	S2696645J

KEY PERSONNEL PROFILE

Name:	JANI NITIN RAMESHCHANDRA
NRIC Number:	E9045496
Available Address:	NO TRACE

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
No Trace

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
No Trace

Bankruptcy Record

Case No.	Year	Date of Filing	Petitioner Name	Amount
No Trace

Litigation Search – Writ of Summons

Court	Case No.	Year	Date of Filing	Amount	Cause Category
No Trace

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)
NA

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

LITIGATION

Clear

COMPLIANCE RECORDS

Date of Last AGM	:	30/06/2010
Date of Last AR	:	07/07/2011
Date of A/C Laid At Last AGM	:	31/12/2009

FINANCIAL HIGHLIGHTS

Financial Figures	Company
	DEC 2009	% Change	DEC 2008	DEC 2007
Currency	SINGAPORE, DOLLARS		SINGAPORE, DOLLARS	SINGAPORE, DOLLARS
Profit and Loss Key Figures
Turnover	0	NA	0	0
Profit/(Loss) Before Tax	(7,611)	NA	(7,000)	(7,830)
Profit After Tax attributable to Shareholders	(7,611)	NA	(7,000)	(7,830)
Balance Sheet Key Figures
Total Assets	25,759	-2.32	26,370	26,370
Current Assets	25,759	-2.32	26,370	26,370
Non Current Assets	0	NA	0	0
Total Liabilities	23,200	43.21	16,200	9,200
Current Liabilities	23,200	43.21	16,200	9,200
Non Current Liabilities	0	NA	0	0
Shareholders' Funds	2,559	-74.84	10,170	17,170
Share Capital	25,000	0.00	25,000	25,000
Total Reserves	(22,441)	NA	(14,830)	(7,830)

FINANCIAL RATIOS

	Company
	DEC 2009	DEC 2008	DEC 2007
Growth %
Year-on-Year Growth	NA	NA	NA
Profitability
Profit Margin (%)	0.00	0.00	0.00
Return on Equity (%)	-297.42	-68.83	-45.60
Return on Assets (%)	-29.55	-26.55	-29.69
Leverage
Total Debt/Equity (Times)	9.07	1.59	0.54
Current Debt/Equity (Times)	9.07	1.59	0.54
Long Term Debt To Equity (Times)	0.00	0.00	0.00
Total Asset To Total Equity (Times)	10.07	2.59	1.54
Asset Management
Total Assets Turnover (Times)	0.00	0.00	0.00
Fixed Assets Turnover (Times)	0.00	0.00	0.00
Liquidity
Current Ratio (Times)	1.11	1.63	2.87

FINANCIAL COMMENTARY

Profitability

We are unable to comment on Subject's profitability.

Liquidity

Current ratio stood at 1.11 times in FY09 (FY08: 1.63 times). This means that the company has SINGAPORE, DOLLARS 1.11 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

Leverage

Total debt-to-equity ratio notched 9.07 times in FY09, as compared with 1.59 times in FY08. This means that the company requires additional external financing of SINGAPORE, DOLLARS 9.07 for every SINGAPORE, DOLLARS injected into its operations.

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

Efficiency Ratio

We are unable to comment on Subject's return on equity.

We are unable to comment on Subject's return on assets.

We are unable to comment on Subject's total assets turnover ratio.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.53
UK Pound	1	Rs.71.91
Euro	1	Rs.62.98

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.